https://www.insidemortgagefinance.com/rss en-us dhollier@imfpubs.com Balance-sheet normalization at the Fed leads to spread widening, but with a significant lag and focused on premium coupons. http://www.insidemortgagefinance.com/articles/238799 Thu, 15 Oct 2026 15:06:34 -0400 https://www.insidemortgagefinance.com/articles/238799-estimating-the-impact-of-the-feds-mbs-runoff-on-spreads dhollier@imfpubs.com The third-party analytics models used by bond traders now accept VantageScore 4.0 loans, but their methodologies were designed before the confusion around loan-level price adjustment grids. http://www.insidemortgagefinance.com/articles/238681 Thu, 01 Oct 2026 16:48:16 -0400 https://www.insidemortgagefinance.com/articles/238681-secondary-market-slow-to-respond-to-vantagescore-40 bivey@imfpubs.com Interest rates on mortgages increased steadily throughout the second quarter, diminishing demand among non-agency MBS investors to some extent. (Includes data table.) http://www.insidemortgagefinance.com/articles/238686 Thu, 01 Oct 2026 16:45:18 -0400 https://www.insidemortgagefinance.com/articles/238686-non-agency-securitization-rate-declines-in-2q dhollier@imfpubs.com Analysts suggest that the proprietary credit scores of the GSEs, if released prior to pooling loans into MBS, could serve as the basis for a new category of specified pool. http://www.insidemortgagefinance.com/articles/238628 Thu, 24 Sep 2026 15:58:49 -0400 https://www.insidemortgagefinance.com/articles/238628-gses-credit-scores-implications-for-mbs dhollier@imfpubs.com Mortgage industry analysts ponder the impact of new Fannie Mae and Freddie Mac disclosures on the MBS and credit-risk transfer markets. http://www.insidemortgagefinance.com/articles/238549 Thu, 17 Sep 2026 17:32:14 -0400 https://www.insidemortgagefinance.com/articles/238549-gses-disclose-their-proprietary-credit-scores dhollier@imfpubs.com Many of those green loans will still be eligible for purchase by the GSEs. Social bonds appear unaffected. http://www.insidemortgagefinance.com/articles/238271 Thu, 13 Aug 2026 16:42:41 -0400 https://www.insidemortgagefinance.com/articles/238271-gses-announce-end-of-single-family-green-mbs jbancroft@imfpubs.com At the end of July, the agency purchase-mortgage market was just barely ahead of the pace for the first seven months of 2025, but refinance business has doubled. (Includes two data tables.) http://www.insidemortgagefinance.com/articles/238168 Thu, 06 Aug 2026 16:35:00 -0400 https://www.insidemortgagefinance.com/articles/238168-agency-mbs-issuance-sags-in-july-as-refi-market-fades dhollier@imfpubs.com The Structured Finance Association says the GSEs should be able to accept multiple credit scores on a single application and disclose that information to MBS investors. http://www.insidemortgagefinance.com/articles/238188 Thu, 06 Aug 2026 16:33:51 -0400 https://www.insidemortgagefinance.com/articles/238188-mbs-investors-recommend-tweaks-to-credit-score-framework jdohnert@imfpubs.com Investor demand is expected to remain strong for agency MBS despite some volatility expected for the rest of the year. http://www.insidemortgagefinance.com/articles/238134 Thu, 30 Jul 2026 16:18:11 -0400 https://www.insidemortgagefinance.com/articles/238134-agency-mbs-investor-demand-expected-to-stay-strong nbhatia@imfpubs.com Issuance of spec-pool MBS in the second quarter increased at a faster pace at Freddie than at Fannie. Pools of loans for Florida properties continued to be favored over loans from New York and Texas. (Includes data table.) http://www.insidemortgagefinance.com/articles/238106 Thu, 30 Jul 2026 16:16:13 -0400 https://www.insidemortgagefinance.com/articles/238106-gse-specified-pool-volume-share-up-in-second-quarter jbancroft@imfpubs.com Agency single-family MBS issuance rose 11% from the first to the second quarter, and midyear production was up 28% from 2025. But the refinance business is running out of gas and purchase-mortgage volume was flat compared with the first six months of last year. (Includes three data tables.) http://www.insidemortgagefinance.com/articles/237926 Thu, 09 Jul 2026 16:35:00 -0400 https://www.insidemortgagefinance.com/articles/237926-mbs-abs-issuance-rises-in-2q26-but-momentum-stalls dhollier@imfpubs.com In May, the combined retained mortgage portfolios of Fannie Mae and Freddie Mac saw their first monthly decline in more than a year. http://www.insidemortgagefinance.com/articles/237927 Thu, 09 Jul 2026 16:31:52 -0400 https://www.insidemortgagefinance.com/articles/237927-gses-end-mbs-buying-spree bivey@imfpubs.com More than 90% of expanded-credit mortgage production went into MBS in the first quarter of 2026. (Includes data table.) http://www.insidemortgagefinance.com/articles/237848 Thu, 25 Jun 2026 16:16:45 -0400 https://www.insidemortgagefinance.com/articles/237848-securitization-rate-for-mortgages-rebounds-in-1q dhollier@imfpubs.com A property law expert said securitizing real property interests encourages home price inflation. http://www.insidemortgagefinance.com/articles/237830 Thu, 25 Jun 2026 16:12:00 -0400 https://www.insidemortgagefinance.com/articles/237830-the-case-against-mbs jbancroft@imfpubs.com Relatively strong refinance activity helped dampen growth in outstanding agency single-family MBS during the first quarter, but non-agency MBS posted its biggest increase in years. (Includes two data tables.) http://www.insidemortgagefinance.com/articles/237771 Thu, 18 Jun 2026 11:08:00 -0400 https://www.insidemortgagefinance.com/articles/237771-non-agency-mbs-and-gses-gain-in-1q26-outstanding dhollier@imfpubs.com Urban Institute researchers say the mortgage industry will experience slightly better capital treatment as a result of the changes to the Basel III Endgame, but they recommend some improvements. http://www.insidemortgagefinance.com/articles/237787 Thu, 18 Jun 2026 11:06:00 -0400 https://www.insidemortgagefinance.com/articles/237787-rejiggering-the-basel-re-proposal dhollier@imfpubs.com Economists note that the pricing of mortgage credit risk depends not only on the quality of the underlying mortgages but also on who ultimately bears that risk. http://www.insidemortgagefinance.com/articles/237776 Thu, 18 Jun 2026 11:03:00 -0400 https://www.insidemortgagefinance.com/articles/237776-mutual-fund-investment-in-crt-reduces-spreads jbancroft@imfpubs.com Agency purchase-mortgage volume was up modestly in May, while refinance activity, especially rate-term transactions, slowed dramatically. Total agency business may see another decline in June. (Includes two data tables.) http://www.insidemortgagefinance.com/articles/237632 Thu, 04 Jun 2026 18:08:00 -0400 https://www.insidemortgagefinance.com/articles/237632-agency-1-family-mbs-down-in-may-as-refinance-falters dhollier@imfpubs.com MBS investors are likely to charge a pay-up for securities backed by mortgages underwritten with VantageScore — at least until they’re confident prepayment speeds won’t accelerate. http://www.insidemortgagefinance.com/articles/237549 Thu, 21 May 2026 16:43:58 -0400 https://www.insidemortgagefinance.com/articles/237549-secondary-market-implications-of-new-credit-scores dhollier@imfpubs.com Policies put in place during the pandemic prevent many small banks and credit unions from selling small-balance loans to the GSEs, which constrains mortgage lending in rural and low-income communities. http://www.insidemortgagefinance.com/articles/237415 Thu, 07 May 2026 16:25:29 -0400 https://www.insidemortgagefinance.com/articles/237415-how-the-gses-can-boost-sbls dhollier@imfpubs.com For MBS investors, the biggest complication in the GSEs’ implementation of VantageScore 4.0 is likely loan-level pricing adjustments. http://www.insidemortgagefinance.com/articles/237332 Thu, 30 Apr 2026 17:50:35 -0400 https://www.insidemortgagefinance.com/articles/237332-vantagescore-impact-on-mbs-market-likely-minimal dhollier@imfpubs.com The Treasury Market Practices Group released a white paper identifying how a change in the ownership structure of Fannie Mae and Freddie Mac could impact the broader financial markets. http://www.insidemortgagefinance.com/articles/237199 Thu, 16 Apr 2026 16:06:51 -0400 https://www.insidemortgagefinance.com/articles/237199-federal-reserve-group-weighs-risks-of-gse-reform jbancroft@imfpubs.com The residential MBS market could see slumping production as interest rates climb and the housing market softens. Non-mortgage ABS issuance started the year strong, while CMBS production declined. (Includes three data tables.) http://www.insidemortgagefinance.com/articles/237135 Thu, 09 Apr 2026 16:24:00 -0400 https://www.insidemortgagefinance.com/articles/237135-structured-finance-market-keeps-momentum-growing bivey@imfpubs.com Some 68.0% of mortgages originated in 2025 were sold into MBS. Securitization rates were stable across most products, except for expanded-credit mortgages, where the securitization rate increased sharply. (Includes data table.) http://www.insidemortgagefinance.com/articles/237025 Thu, 26 Mar 2026 16:59:14 -0400 https://www.insidemortgagefinance.com/articles/237025-residential-mortgage-securitization-rate-steady-in-2025 dhollier@imfpubs.com One of the GSEs has quietly issued an MBS comprised of loans underwritten using VantageScore 4.0. http://www.insidemortgagefinance.com/articles/237053 Thu, 26 Mar 2026 16:58:18 -0400 https://www.insidemortgagefinance.com/articles/237053-vantagescore-ceo-confirms-mbs-rumor dhollier@imfpubs.com Since the U.S. initiated strikes on Iran, mortgage rates and MBS spreads have given up all the ground they gained from the Trump administration’s directive for the GSEs to purchase $200 billion in agency MBS. http://www.insidemortgagefinance.com/articles/236922 Thu, 12 Mar 2026 16:41:32 -0400 https://www.insidemortgagefinance.com/articles/236922-mortgage-market-reacts-to-war-with-iran dhollier@imfpubs.com The shift from senior subordinate securitizations to predominantly fully guaranteed securitizations is expected to increase revenues for Freddie’s multifamily business. http://www.insidemortgagefinance.com/articles/236705 Thu, 19 Feb 2026 15:51:52 -0500 https://www.insidemortgagefinance.com/articles/236705-freddie-mac-launches-new-k-deal-strategy bivey@imfpubs.com Pending proposals from the Fed would impact MBS market; Moody’s looks to rate securitizations of home equity loans. http://www.insidemortgagefinance.com/articles/236713 Thu, 19 Feb 2026 15:49:56 -0500 https://www.insidemortgagefinance.com/articles/236713-grapevine-fed-plans-mortgage-proposals-moodys-eyes-second-liens dhollier@imfpubs.com Fannie Mae and Freddie Mac appear to be using aggressive pricing at the cash window to boost whole loan purchases, then retaining the most attractive coupons. http://www.insidemortgagefinance.com/articles/236665 Thu, 12 Feb 2026 16:38:37 -0500 https://www.insidemortgagefinance.com/articles/236665-whats-happening-at-the-cash-window jbancroft@imfpubs.com Last year’s issuance of expanded-credit MBS and home-equity securitizations reached their highest levels since 2007. Total non-agency MBS production was up 40% from 2024. (Includes three data files.) http://www.insidemortgagefinance.com/articles/236389 Thu, 15 Jan 2026 16:20:00 -0500 https://www.insidemortgagefinance.com/articles/236389-rmbs-issuance-ends-banner-year-with-modest-decline